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News from Flexible Benefit Administrators

IRS Announces Update to HSA Limit for Family Coverage

Late in the day on April 26, 2018, the IRS released Revenue Procedure 2018-27, which allows participants in a Health Savings Account to consider $6,900 (rather than the previously announced decrease to $6,850) as the maximum limit for those with Family coverage for 2018.  

The previously announced reduction to the Adoption Assistance Limit will remain in place and the limit will still be considered $13,810 for 2018.